Docusign Envelope ID." B6F00380-OADC-8729403F-AC02DDAC682D BLIIiiiL1 tliL Perfcct Picture )iy Ji Hidden hardship. Quiet support. Restored dignity. THE ZSV TRUST ANNUAL REPORT & FINANCIAL STATEMENTS 2025 I1*. . JTVIYTh'rnW.V4lVA The Z.S.V. Trust l Registered Charity No. 1063860 Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **CONTENTS** ## Inside the Picture A peek into the visible work, the hidden need, and the support that restores stability. 04 **Trustee’s Letter** _When Everything Looks Fine_ 06 **What We Do** _How We Reframe the Picture_ 08 **Our Impact** _2025 at a Glance_ 12 **What Comes Next** _Before the Picture Cracks_ 14 **Governance & Structure** _Behind the Scenes_ 17 **Independent Auditor’s Report to the Members** 21 **Statement of Financial Activities** 22 **Statement of Financial Position** 23 **Statement of Cash Flows** 24 **Notes to the Financial Statements** **2** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 **3** Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **TRUSTEE’S LETTER** **THE NEED** ## When Everything Looks _Fine_ ## Behind Closed Doors Suffering rarely looks the way we expect it to. Dear Friends and Supporters, ## **Not every struggle looks like struggle..** In a world of carefully curated snapshots and picture-perfect appearances, hardship is often hidden just beneath the surface. Behind polished smiles, pressed uniforms and homes that seem to be coping are families quietly carrying impossible burdens: empty cupboards, mounting bills, sleepless nights and the daily anxiety of trying to make ends meet. This year, the cost-of-living crisis continues to cast a long shadow across the UK. The Food Foundation estimates that 1 in 5 families are experiencing food insecurity, with households raising children among the hardest hit. For many of the larger families we support, even small rises in food, rent and utility costs quickly become overwhelming. Over 44% of our beneficiaries live in severely overcrowded areas such as Hackney and Haringey. Our work also extends to families in Salford and Gateshead, where hardship is often hidden behind closed doors and carefully maintained appearances. Against this backdrop, Food Lifeline continued to respond with compassion, urgency and dignity, supporting over 3,000 families with kosher food provision, emergency support, clothing, vouchers and welfare referrals. Behind every figure in this report is something quieter: a family able to get through another week with dignity and hope. ZSV also faced a year of challenge and reflection. Following engagement with the Charity Commission, we have strengthened our governance, reporting and internal processes. ## **It can look like** a parent smiling in public while skipping meals at home. ## **It can look like** children in neat uniforms whose shoes no longer fit. **It can look like** a family with a front door, a table, a routine - and no room left in the budget for food, heating or emergencies. We believe that success lies in the little efforts we make- and our supporters, volunteers, staff and donors have made every possible effort to meet the current demand. As Trustees, we remain committed to tuning into the story beyond the picture-perfect appearance to care for those whose struggles may be overlooked. ## **Thank you for helping us ensure that every family is seen.** Sincerely, Rabbi A. Weinberger Z.S.V. Trust Trustee For many families, asking for help is the hardest part. ZSV works quietly, carefully and confidentially to identify hidden need and respond with dignity. **5** **4** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **WHAT ZSV DOES** **TRUSTEE’S LETTER** ## How We _Reframe_ the Picture ## A Snapshot of ZSV ## Immediate Relief ## Longer-Term Stability From hidden pressure to restored stability ## **Food Lifeline** Kosher food parcels, Yom Tov distributions, Shabbos support and family food vouchers. ## **Emergency Crisis Support** Targeted grants for families facing sudden financial pressure, debt or urgent household needs. ## **Clothing & Shoes** School shoes, coats, baby clothing and essentials for children in large or low-income families. ## **Youth Provision** Help with culturally appropriate activities, clubs and programmes for children and teenagers. ## **Referrals & Guidance** Connecting families with welfare organisations, employment support, counselling, youth services and other specialist help. ## **Counselling Support** Where financial strain has created emotional pressure, ZSV helps families access appropriate guidance and support. ## **Housing Repairs & Utilities** ## **1. The pressure builds** A family is hit by rising food costs, debt, illness, family breakdown, unemployment, emergency repairs or emotional strain. ## **2. ZSV steps in quietly** We assess each situation with care and confidentiality, then provide practical support where it is needed most. ## **3. Stability returns** Food is on the table. Children have essentials. Parents can breathe. Families are guided toward longerterm support. Help with urgent repairs, utility bills and situations where the home or family wellbeing is at risk. ## **Healthcare Assistance** Support, referrals or contributions where illness creates financial strain. The right support at the right moment can change the . _whole picture_ **6** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 **7** Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **OUR IMPACT** **WHO WE REACH** ## 2025 at a Glance What the picture doesn’t show **----- Start of picture text -----**
3 000 6 200
, ,
families supported food parcels distributed
800
vouchers
provided
530
emergency
cases supported
2 750
,
referrals
made
415 860
2,600 ,
children’s shoes Kilograms of food delivered
distributed
**----- End of picture text -----**
Behind every figure is a front door we were _trusted_ to enter. ## Where the Need Lives Hidden hardship is not always far away. It may be the family next door. The elderly neighbour who smiles from the window. The child playing outside because there is no longer room at home. The parent raising six children in an overcrowded flat. In 2025, ZSV supported families across **London, Southend, Manchester and Tyne & Wear** - not only where poverty was obvious, but in overcrowded flats and shared blocks where hardship was hidden behind closed doors. We reached large families, single parents, elderly people, newlyweds starting with very little, and households affected by illness or debt - including children growing up in overcrowded flats, with no private garden and barely any space to play. Need does not always stand out. That is why we look _closer_ . **8** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 **9** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **CASE STUDY** **CASE STUDY** ## The Story Behind the School Run ## **What People Saw** ## **HOW ZSV STEPPED IN** Quietly, practically and with dignity. Kosher food support ## **What No One Saw** behind the front door at the school gate _**Every morning, the Levy children arrived at school on time. Clean shirts. Packed bags. Smiles at the gate.**_ _**Their father was working. Their mother was caring for five children, including a toddler at home. From the outside, the family looked like they were managing.**_ _**By winter, the weekly food shop no longer stretched to the end of the week. The older boys had outgrown their shoes. The baby needed pampers. Then a utility bill arrived just as Passover expenses were approaching.**_ _**Even the small things that make childhood feel normal had become difficult.**_ _**They were not asking for luxury. Just food, shoes, warmth and a way through the month.**_ No one at the school gate could see the _calculations_ happening at the kitchen table Family vouchers Children’s shoes Referral for wider support ## **WHAT CHANGED** The school run looked the same. The children still went to school. The parents still smiled. **But inside the home, the panic had eased.** ZSV did not change the picture people saw. It changed the pressure hidden behind it. **10** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 **11** Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **WHAT COMES NEXT** **THANK YOU FUNDERS** ## Before the Picture Cracks **----- Start of picture text -----**
In the year ahead, ZSV will continue to
respond to families already in crisis — while
working harder to reach those at risk earlier.
OUR PRIORITIES 2026
Reach hidden families sooner
Strengthening awareness so
01 families know help exists before the
situation becomes desperate.
Deepen practical support
Continuing food parcels, vouchers,
02 clothing, shoes, emergency grants
and essential household help.
Strengthen referrals
Helping families access wider support
03
for employment, debt, counselling,
welfare and youth provision.
Build sustainable funding
Growing partnerships, grant
04
income, donor support and in-kind
contributions.
Improve monitoring
Using better feedback and reporting
05
to understand need, measure impact
and strengthen services.
, the
The earlier we see the pressure
.
sooner we can help restore stability
**----- End of picture text -----**
## Because You Saw ’ What Others Couldn t To every donor, funder, volunteer and partner: **thank you** . **----- Start of picture text -----**
Amongst many other anonymous funders
**----- End of picture text -----**
**12** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 **13** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **STRUCTURE, GOVERNANCE AND MANAGEMENT** **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## Trustees' Report The Trustees present their report and the financial statements of the charity for the year ended 31 December 2025. ## **Structure, governance & management** The Trustees are involved in the day to day running of the charity and are responsible for the income whether by way of donations and grants. ## **Investments powers, policy and performance** The charity places surplus funds in a bank deposit account. It is the view of the Trustees that due to the rapid turnover of funds it would not be prudent to invest in any other type of account as the charity requires immediate access to its funds. ## **Governance and internal control** The power of appointing new or additional Trustees hereof or removing Trustees is vested in the persons who are for the time being the Trustees. ## **Risk Management** The Trustees have identified and reviewed the major risks to which the Trust is exposed, in particular those related to the operations and finance of the Trust, and are satisfied that systems are in place to mitigate those risks. ## **Public benefit** The Trustees confirm their compliance with their duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity’s aims and objectives and in planning future activities. ## Trustees' _(continued)_ Report ## **Financial review** _(continued)_ Despite these financial pressures, the Trustees remained firmly committed to ensuring that support to families in need continued without interruption or reduction, particularly at a time when demand for the charity’s services was increasing. The Trustees therefore took the decision to utilise part of the charity’s reserves to bridge the temporary gap between income and expenditure and to maintain service delivery at the level required. This placed unavoidable pressure on the charity’s financial position and required careful management of expenditure and resources throughout the year. Nevertheless, the Trustees believe this approach was both necessary and consistent with the charity’s objectives and responsibilities to its beneficiaries. The charity is now actively focused on rebuilding donor confidence, strengthening income generation and restoring reserve levels to ensure the continued long-term sustainability of its services and support for families who rely upon them. ## **Plans for future periods** The charity plans to continue its distributions to families in need as well as to the other local needy cases. ## **Reserves** The Trustees recognise the importance of maintaining adequate reserves to ensure the continuity of the charity’s operations and services, particularly during periods of financial uncertainty or unexpected reductions in income. The charity’s reserves policy is designed to: - provide sufficient working capital to meet operational commitments; ## **Financial review** The charity was able to continue its activities to the satisfaction of the Trustees and is discussed in more detail elsewhere in this report. During the year, the organisation experienced a period of heightened scrutiny following a Charity Commission enquiry. The enquiry ultimately concluded with no findings of wrongdoing and confirmed that the charity’s operations, governance and activities remained fully compliant and appropriate throughout. However, the existence of the enquiry created a period of uncertainty which adversely affected donor confidence and resulted in a marked reduction in new and renewed funding commitments. As a consequence, the charity experienced an approximate 18% reduction in income during the year. - protect the continuity of services to beneficiaries; - manage unforeseen financial risks or fluctuations in income; and - support the charity during periods of exceptional or temporary challenge. During the year, the charity experienced a reduction in income of approximately 18%, principally due to a temporary decline in donor confidence arising from a Charity Commission enquiry. Although the enquiry concluded with no findings of wrongdoing and confirmed that the charity’s operations remained compliant and appropriate throughout, the Trustees considered it necessary and appropriate to utilise part of the charity’s reserves in order to maintain uninterrupted support for beneficiaries and meet increased demand for services. The Trustees continue to monitor reserves carefully and are actively working to rebuild reserve levels and restore income streams to ensure the long-term financial sustainability of the charity. At the year end, unrestricted reserves amounted to £127,564 , equivalent to approximately 1 1/2 months of operating expenditure. The Trustees consider this level of reserves to be below target in light of current operational requirements and future financial risks. **14** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 **15** Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **TRUSTEE’S STATEMENT** **AUDITOR’S REPORT** ## Trustees' _(continued)_ Report ## **Trustees’ Responsibilities Statement** The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. ## Independent Auditor's Report to the Members of The Z.S.V. Trust Year ended 31 December 2025 ## **Opinion** We have audited the financial statements of The Z.S.V. Trust (the ‘charity’) for the year ended 31 December 2025 which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the applicable Charities SORP; - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. - give a true and fair view of the state of the charity’s affairs as at 31 December 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** The Trustees’ Annual Report was approved on and signed on behalf of the Board of 15/6/2026 Trustees by: **Mr M Fogel Trustee** In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. **16** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 **17** Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **AUDITOR’S REPORT** **AUDITOR’S REPORT** ## Independent Auditor's Report to the Members of The Z.S.V. Trust _(continued)_ ## Year ended 31 December 2025 ## **Other information** The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ report. We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion: - the information given in the Trustees’ report is inconsistent in any material respect with the financial statements; or - adequate accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of Trustees** As explained more fully in the Trustees’ responsibilities statement, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. ## Independent Auditor's Report to the Members of The Z.S.V. Trust _(continued)_ Year ended 31 December 2025 ## **Auditor’s responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the Trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements. We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with the laws and regulations. We discussed with the Trustees the policies and procedures regarding compliance with these legal and regulatory frameworks. We assessed the susceptibility of the charity’s financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the Trustees during the planning and finalisation phases stages of our audit. The susceptibility to such material misstatement was determined to be low. Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. **18** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 **19** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **AUDITOR’S REPORT** **STATEMENT OF FINANCIAL ACTIVITIES** ## Independent Auditor's Report to the Members of The Z.S.V. Trust _(continued)_ ## The Z.S.V. Trust ## Statement of Financial Activities ## Year ended 31 December 2025 ## Year ended 31 December 2025 ## **Auditor’s responsibilities for the audit of the financial statements** _(continued)_ As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Trustees. - Conclude on the appropriateness of the Trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. ## **Use of our report** This report is made solely to the charity’s members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed. |**Note**
**Income and endowments**
Donations and legacies
**4**
Investment income
**5**
**Total income**
**Expenditure**
Expenditure on raising funds:
Costs of raising donations and
legacies
**6**
Expenditure on charitable activities
**7,8**
**Total expenditure**
**Net (expenditure)/ income and**
**net movement**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|Unrestricted
Funds
**£**
946,237
1,316
947,553
(48,106)
(1,087,618)
(1,135,724)
(188,171)
315,735
127,564|**2025**
Restricted
Funds
**£**
253,049
–
253,049
(5,135)
(246,009)
(251,144)
1,905
31,918
33,823|**Total**
**Funds**
**£**
**1,199,286**
**1,316**
**1,200,602**
**(53,241)**
**(1,333,627)**
**(1,386,868)**
**(186,266)**
**347,653**
**161,387**|2024
Total
Funds
**£**
1,457,187
1,178| |---|---|---|---|---| |||||1,458,365| |||||(68,849)
(1,395,768)| |||||(1,464,617)| |||||| |||||(6,252)| |||||353,905| |||||347,653| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. ## **Cohen Arnold** Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road London 15/6/2026 NW11 0PU _The notes on pages 24 to 30 form part of these financial statements_ . **20** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 **21** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **STATEMENT OF FINANCIAL POSITION** **STATEMENT OF CASH FLOWS** ## The Z.S.V. Trust ## Statement of Financial Position ## As at 31 December 2025 |**Note**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due**
**with-in one year**
**14**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Funds of the charity**
Restricted funds
Unrestricted funds
**Total charity funds**
**15**|**2025**
**£**
**£**
**13,064**
**160,765**
**173,829**
**(12,442)**
**161,387**
**161,387**
**161,387**
**33,823**
**127,564**
**161,387**|2024
£
£
54,464
327,529
381,993
(34,340)
347,653
347,653
347,653
31,918
315,735
347,653|2024
£
£
54,464
327,529
381,993
(34,340)
347,653
347,653
347,653
31,918
315,735
347,653| |---|---|---|---| ||||347,653| ||||347,653| ||||31,918
315,735| ||||347,653| These financial statements were approved by the board of Trustees and authorised for issue on and are signed on behalf of the board by:15/6/2026 Mr M Fogel Trustee ## The Z.S.V. Trust ## Statement of Cash Flows ## Year ended 31 December 2025 |**Cash flows from operating activities**
Net expenditure
_Adjustments for:_
Other interest receivable and similar income
Interest payable and similar charges
Accrued (income)/expenses
_Changes in:_
Trade and other debtors
Cash generated from operations
Interest paid
Interest received
Net cash (used in)/from operating activities
**Net (decrease)/increase in cash and cash equivalents**
**Cash and cash equivalents at beginning of year**
**Cash and cash equivalents at end of year**|**2025**
**£**
**(186,266)**
**(1,316)**
**2,771**
**(21,898)**
**41,400**
**(165,309)**
**(2,771)**
**1,316**
**(166,764)**
**(166,764)**
**327,529**
**160,765**|2024
£
(6,252)
(1,178)
2,981
16,440
7,967| |---|---|---| |||19,958
(2,981)
1,178| |||18,155| |||18,155
309,374| |||327,529| _The notes on pages 24 to 30 form part of these financial statements._ _The notes on pages 24 to 30 form part of these financial statements._ **22** **23** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **NOTES TO THE FINANCIAL STATEMENTS** **NOTES TO THE FINANCIAL STATEMENTS** ## The Z.S.V. Trust, Year ended 31 December 2025 ## Notes to the Financial Statements ## **1. General information** The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 52 Darenth Road, London, N16 6EJ. ## **2. Statement of compliance** These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. ## The Z.S.V. Trust, Year ended 31 December 2025 ## Notes to the Financial Statements _(continued)_ ## **3. Accounting policies** _(continued)_ ## **Financial instruments** _(continued)_ Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. ## **4. Donations and legacies** ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis. ## **Going concern** There are no material uncertainties about the charity’s ability to continue. ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There have been no material adjustments based on estimations and assumptions during the financial year. ## **Fund accounting** General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. Restricted funds are funds subject to specific restricted conditions imposed by donors. Designated funds are funds which have been set at the discretion of the Trustees for specific purposes. There are no designated funds as at the Balance Sheet date. ## **Incoming resources** All donations are recognised in the statement of financial activities (SOFA) of the charity when received. All other income is recognised on a receivable basis. ## **Resources expended** All expenditure is classified under the Charity’s principal categories of charitable and other expenditure and by the type of expense. ## **Financial instruments** A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. |**Donations and legacies**||||| |---|---|---|---|---| |**Investment income**
**Costs of raising donations**
**Donations**
Donations and legacies
**Donations**
Donations and legacies
Cost of generating voluntary income
Cost of generating voluntary income
Bank interest receivable|**and legacies**
Unrestricted
Funds
£
946,237
Unrestricted
Funds
£
960,945
Unrestricted
Funds
£
48,106
Unrestricted
Funds
£
55,692
Unrestricted
Funds
**Total Funds**
**2025**
£
**£**
1,316
**1,316**|Unrestricted
Funds
£
946,237|Restricted
Funds
£
253,049
Restricted
Funds
£
496,242
Restricted
Funds
£
5,135
Restricted
Funds
£
13,157
Unrestricted
Funds
£
1,178|**Total Funds**
**2025**
**£**
**1,199,286**| |||Unrestricted
Funds
£
960,945||Total Funds
2024
£
1,457,187| |||||Total Funds
2024
£
1,178| |||||**Total Funds**
**2025**
**£**
**53,241**| |||Unrestricted
Funds
£
55,692||Total Funds
2024
£
68,849| ## **5. Investment income** ## **6. Costs of raising donations and legacies** **24** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 **25** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **NOTES TO THE FINANCIAL STATEMENTS** **NOTES TO THE FINANCIAL STATEMENTS** ## The Z.S.V. Trust, Year ended 31 December 2025 Notes to the Financial Statements _(continued)_ ## **7. Expenditure on charitable activities by fund type** ||||| |---|---|---|---| |Relief of poverty
Food parcels
House repairs and utilities
Endowments to poor brides
Assistance with healthcare
Clothing and shoes
Long covid
Support costs
Relief of poverty
Food parcels
House repairs and utilities
Endowments to poor brides
Assistance with healthcare
Clothing and shoes
Long covid
Support costs|Unrestricted
Funds
£
111,330
842,109
12,750
3,950
6,985
6,414
13,674
90,406
1,087,618
Unrestricted
Funds
£
64,490
715,387
43,961
4,795
6,625
35,113
4,775
46,616
921,762|Restricted
Funds
£
–
193,214
–
–
–
3,600
–
49,195
246,009
Restricted
Funds
£
–
355,549
4,332
–
–
49,050
–
65,075
474,006|**Total Funds**
**2025**
**£**
**111,330**
**1,035,323**
**12,750**
**3,950**
**6,985**
**10,014**
**13,674**
**139,601**| ||||**1,333,627**| ||||Total Funds
2024
£
64,490
1,070,936
48,293
4,795
6,625
84,163
4,775
111,691| ||||1,395,768| The Z.S.V. Trust, Year ended 31 December 2025 Notes to the Financial Statements _(continued)_ ## **8. Expenditure on charitable activities by activity type** |Relief of poverty
Food parcels
House repairs and utilities
Endowments to poor brides
Assistance with healthcare
Clothing and shoes
Long covid
Governance costs|Activities
undertaken
directly
Support costs
£
£
111,330
119,622
1,035,323
–
12,750
–
3,950
–
6,985
–
10,014
–
13,674
–
–
19,979
1,194,026
139,601|**Total funds**
**2025**
**£**
**230,952**
**1,035,323**
**12,750**
**3,950**
**6,985**
**10,014**
**13,674**
**19,979**
**1,333,627**|Total funds
2024
£
167,362
1,070,936
48,293
4,795
6,625
84,163
4,775
8,819| |---|---|---|---| ||||1,395,768| Due to the sensitive nature of the problems faced by the charity’s beneficiaries, the Trustees maintain a policy of strict confidentiality in respect of the support provided to all the beneficiaries. ## **9. Analysis of support costs** |Finance costs
Governance costs
Administration costs|Relief of
poverty
£
2,771
9,120
127,710
139,601|**Total 2025**
**£**
**2,771**
**9,120**
**127,710**
**139,601**|Total 2024
£
2,981
8,819
99,891| |---|---|---|---| ||||111,691| **26** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 **27** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **NOTES TO THE FINANCIAL STATEMENTS** **NOTES TO THE FINANCIAL STATEMENTS** ## The Z.S.V. Trust, Year ended 31 December 2025 Notes to the Financial Statements _(continued)_ ## **10. Auditors remuneration** ||**2025**|2024| |---|---|---| ||**£**|£| |Fees payable for the audit of the financial statements|**9,120**|8,819| ## **11. Staff costs** No salaries or wages have been paid to employees, including the members of the committee, during the period. The Charity is mindful to be cost-efficient and effective by maximising the usage of volunteers. However, in order to keep abreast with the increasing demand, the Charity currently utilises the services of three individuals to manage its operations, the costs of whom are included in Administration Costs. ## **12. Trustee remuneration and expenses** No remuneration or other benefits from employment with the charity or a related entity were received by the Trustees. ## **13. Debtors** |**Creditors: amounts falling due within one year**
Other debtors
Accruals and deferred income|**2025**
**£**
**13,064**
**2025**
**£**
**12,442**|2024
£
54,464| |---|---|---| |||2024
£
34,340| ## **14. Creditors: amounts falling due within one year** The Z.S.V. Trust, Year ended 31 December 2025 Notes to the Financial Statements _(continued)_ ## **15. Analysis of charitable funds** ## **Unrestricted funds** |General funds
General funds
**Restricted funds**
Restricted Funds
Restricted Funds|At 1
January
2025
£
315,735
At 1
January
2024
£
331,066
At 1
January
2025
£
31,918
At 1
January
2024
22,839|Income
£
947,553
Income
£
962,123
Income
£
253,049
Income
496,242|Expenditure
£
(1,135,724)
Expenditure
£
(977,454)
Expenditure
£
(251,144)
Expenditure
(487,163)|**At 31**
**December**
**2025**
**£**
**127,564**| |---|---|---|---|---| |||||At 31
December
2024
£
315,735| |||||**At 31**
**December**
**2025**
**£**
**33,823**| |||||At 31
December
2024
**31,918**| **28** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 **29** Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D **NOTES TO THE FINANCIAL STATEMENTS** ## The Z.S.V. Trust, Year ended 31 December 2025 Notes to the Financial Statements _(continued)_ ## **16. Analysis of net assets between funds** |Current assets
Creditors less than 1 year
**Net assets**
Current assets
Creditors less than 1 year
**Net assets**|Unrestricted
Funds
£
140,006
(12,442)
127,564
Unrestricted
Funds
£
350,075
(34,340)
315,735|Restricted
Funds
£
33,823
–
33,823
Restricted
Funds
£
31,918
–
31,918|**Total Funds**
**2025**
**£**
**173,829**
(12,442)| |---|---|---|---| ||||161,387| ||||Total Funds
2024
£
381,993
(34,340)| ||||347,653| ## **17. Analysis of changes in net debt** ||At 1 Jan||**At 31 Dec**| |---|---|---|---| ||2025|Cash flows|**2025**| ||£|£|**£**| |Cash at bank and in hand|327,529|(166,764)|**160,765**| ## **18. Related parties** During the year the Charity paid amounts aggregating £5,127 to a Company the Director of which is a Trustee of this Charity in respect of clothing and shoes grants for eligible recipients. **30** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 **31** ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D ## **THE Z.S.V. TRUST** Registered Charity No. **1063860** **Principal Office** 52 Darenth Road London N16 6EJ ## **The Trustees** Mr F Friedman Mr W Weinberger Mr A Weinberger Mr M Fogel Mr M Stern ## **Auditor** Cohen Arnold New Burlington House 1075 Finchley Road London NW11 0PU ## **Bankers** NatWest Bank PLC Stoke Newington Branch 198 Stoke Newington High Street London N16 7GA